Holidaymakers tend to return home with around £110 in foreign currency, which tends to go un-exchanged possibly due to hidden fees, lack of ease and simplicity, or poor buy-back rates. Bedwig aims to solve this issue by creating a P2P platform for buyers and sellers to exchange unused currency whilst taking a commission to support the service.
days to go:
Expired
investment:
£39,570
Muse is a smart, data-driven financial management application which aims to make financial empowerment a reality for all business owners. The app generates clear snapshots of a company’s finances showing all bank balances, and gives quick access to innovative invoice financing and other smart tools. Muse is live on the App Store and Google Play. Moreover, it has partnered with Prime 5 Finance Limited for invoice finance facility. The funds raised will be used to expand the business, sales channels and give an e-money account card in three currencies.
days to go:
Expired
investment:
£339,920
Business Finance Market (BFM) is a financial technology platform that stimulates the market towards Small and Medium Enterprises (SMEs) lending via data in the UK. BFM claims that SMEs are gradually being excluded from mainstream banking. The company cites that in 1988, 40% of all bank lending went to SMEs. BFM points out that lending today is closer to 4% with an estimated £22 billion funding gap to the 5.9 million UK SMEs. BFM asserts that almost 90% of SME loan applications are stuck due to a lack of choice and transparency when it comes to securing finance. BFM aspires to solve this dilemma. It states that its technology allows SMEs to experience quicker finance decisions based on true addressable market access and allows lenders and intermediaries access to its platform to help manage the end-to-end application process, improve deal flow, and deliver faster credit decisions. BFM intends to exit via a trade sale within the financial sector.
days to go:
Expired
investment:
Withheld
WELD is a fitness company on a mission to make on-demand health, fitness and wellbeing available to all ages & abilities. The company allows users and instructors to set the time and place for the training session, rent out their home or commercial spaces for activities, or interact 1-2-1 online. This approach, the company believes, helps personal trainers, hit by the Covid-19 lockdown, find clients. WELD also allows trainers to set their prices and keep 90% of their fees, and lets customers enjoy a 2% commission on referrals for every future session taken in perpetuity. WELD aims to tap into the $94 billion global fitness and wellness market that grew 8.7% from 2018/19. The company's primary target audience is Generation Z that, the company believes, embraced wellness. WELD will use the investment to improve its platform, boost marketing and plug the fitness & wellness gap.
days to go:
Expired
investment:
£199,227
For Good Causes turn Loyalty points into donations for charities, giving people a new way to give to causes closest to their hearts. Brands are given a while new CSR opportunity and charities are given much-needed funding. Research has shown their is over £7bn unused rewards in the UK, values which could be donated.
days to go:
Expired
investment:
£292,220
The first wholesaler to offer insurance products for B2B and B2C firms in the Sharing Economy. Inlet aims provide insurance for assets that have been peer-to-peer rented for the short term, or for the provision of services such as letting properties online, as these markets are not currently covered by traditional insurances.
Inlet generates revenue from commissions via insurance products at the point of sale and at policy renewal. Income in the form of interest payments is also earned from customers that choose to pay via direct debit on a monthly basis, as well as from fees applied to customers who wish to amend their policies.
days to go:
Expired
investment:
£256,514
ReCircle Recycling has designed an appliance meant for installation in households, businesses and new developments to grind glass bottles, compact metal cans, and flake plastic packaging straight into ready to use manufacturing material. This process allows Recircle Recycling to set up a new closed-loop system where packaging is endlessly recycled. It increases the purity and value of all the materials. When manufacturers finally have access to high-grade recycled to minimise their carbon footprints and where consumers and businesses receive payback for the true value of their recycled product. ReCircle collects and delivers materials from a common man's curb 3-8 times a year. It has established strong connections and technology developments with the UK University. ReCircle has also filed patents with the USA, Japan, China, Europe, and India. ReCircle is also building a close relationship with Swansea University. It intends to launch in California, which has the highest recycling rate in the US.
days to go:
Expired
investment:
£548,150
Gridizen desires to change the way agencies and landlords manage their properties whilst enhancing the tenant experience. It eliminates manual methods and gives landlords and tenants a way to manage and communicate their rental property. Further, its central management team has a number of relationships within the market to build up the customer base and create a buzz about the product which other companies lack. Gridizen aspires to be the property management solution of choice for tenants and landlords. With the proceeds, it will fully develop the Property Management module, recruit an in-house technical team to oversee the development and recruit sales and marketing support.
days to go:
Expired
investment:
£150,004
Nutrifix is an app that locates healthy meals nearby or selects recipes or delivery options all tailored to you bodies needs. The app is like having a personal nutritionist in your pocket and is in a growing sector as the global value of mobile health solutions is set to reach 83,000,000,000 by 2022.
days to go:
Expired
investment:
£194,310
Pynk is a fintech that is doing things differently—it relies on Artificial Intelligence, crowd wisdom and expert analysis to boost social investing, allowing its users commission-free investing. Users on the Pynk platform make short term price predictions and long term forecasts on financial assets. Pynk then aggregates the data and runs it through its 'Rose' AI and experts team to give accurate trading and investment analyses. The platform has more than 27,000 users from over 180 countries. Pynk also won the 'Best AI' startups award at the AIBC Blockchain Summit in Malta. It is also a part of the London fintech accelerator programmes with National Westminster and Royal Bank of Scotland. The company will use the investment to launch a retail investor wallet in the 4th quarter of 2020, recruit £10 million Assets Under Management (AUM) by end of 2020, and build out its team across different verticals.
days to go:
Expired
investment:
£574,550
